PANews reported on November 13th that Canaan Technology (NASDAQ: CAN) released its unaudited Bitcoin mining operations update for October 2025. Canaan Technology Chairman and CEO Zhang Nangeng stated, “Canaan Technology’s operational metrics showed steady improvement in October. Deployed hashrate, operating hashrate, North American mining machine efficiency, and installed power capacity all outperformed September, while revenue sharing and electricity costs remained stable. Despite the increased network difficulty, the company still produced 92 BTC that month; the deployed hashrate reached 9.31 EH/s at the end of the month, and the operating hashrate was 7.85 EH/s. By reallocating some inefficient mining machines, the overall operating hashrate of self-operated mining increased to approximately 8.25 EH/s as of November 7th. Based on rigorous mining operations and a robust holding strategy, the company’s total cryptocurrency holdings further increased to 1,610 BTC and 3,950 ETH.”